Section 8 Fair Market Rent (FMR) for ZIP 92239 - 2027

Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,530
1 Bedroom	$1,600
2 Bedrooms	$1,990
3 Bedrooms	$2,630
4 Bedrooms	$3,170
5 Bedrooms	$3,677
6 Bedrooms	$4,118
7 Bedrooms	$4,447
8 Bedrooms	$4,669

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

144

Median Household Income

$73,393

Housing Units

257

Renter Percentage

45.6%

Occupancy Rate

22.2%

Renter Occupied

The ZIP code 92239, located in San Bernardino County, California, is situated within the city limits of Rialto. This area is characterized by its mix of industrial and residential zones, making it a prime location for real estate investment, particularly for those interested in Section 8 housing opportunities.

Fair Market Rent (FMR) for ZIP 92239 in fiscal year 2024: The FMR is set at $2090, which reflects the maximum amount that a Section 8 tenant can pay for their portion of the rent.
Market Rent: According to the Census ACS, the average market rent for properties in ZIP 92239 is $1,135, indicating a significant gap between market rates and what Section 8 tenants can afford.
Renter Share: 45.6% of the residents in ZIP 92239 are renters, showing a substantial demand for rental properties.
Median Income: The median household income in ZIP 92239 is $73,393, suggesting that while there is a notable presence of low-income families, there is also a middle-class demographic that could be attractive to investors outside of Section 8.
Days on Market (DOM): Although the specific data for DOM is not available, the high renter share and the disparity between FMR and market rent suggest that rental properties in this area could be quickly occupied.
Median Home Value: The median home value is not reported, but given the focus on rental markets and the high renter share, investing in rental properties might be more strategic than purchasing homes for resale.

Investors looking to capitalize on the rental market in ZIP 92239 should consider the Fair Market Rent of $2090 as a benchmark for Section 8 properties. With a market rent significantly lower at $1,135, there's potential for both government-subsidized rentals and traditional market-rate rentals. The high renter share indicates strong demand, and the median income suggests a viable mix of low and middle-income households. While the lack of specific DOM data leaves some uncertainty, the overall picture points to a robust rental market that can support both Section 8 and conventional investments.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.